Technical Summary for Majors |
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DAILY MARKET REPORT 29.08.2008 EUR/USD Has faintly breached Monday's former weekly high before pulling back sharply from 1.4812. A negative channel drawn off 1.4980, 13 August, reflects possible bear deceleration towards 2-year rising trendline at 1.4450/40. An hourly swing top under 1.4812 is sought before next downside and break of 1.4671 exposing the 1.4570, 26 August low. Res: 1.4760, 1.4777, 1.4812, 1.4842 Sup: 1.4718, 1.4687, 1.4671, 1.4634 USD/JPY Shies off Wednesday's 108.70 low before
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